as i know during lock in period (says it's 3 yrs) means u cannot settle it for the first 3 yrs correct? and u can pay one lumsup to settle the loan like few hundred thousand correct?
3 yrs lock in period
3 yrs lock in period
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Apr 23 2017, 11:22 PM, updated 7y ago
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as i know during lock in period (says it's 3 yrs) means u cannot settle it for the first 3 yrs correct? and u can pay one lumsup to settle the loan like few hundred thousand correct?
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Apr 23 2017, 11:31 PM
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Apr 23 2017, 11:35 PM
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Apr 24 2017, 01:53 AM
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Apr 24 2017, 06:13 AM
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Not cannot settled....you can get out from contract even within lock in period...just that you need to pay penalty nia
Also need to know from what date the lock in period starts accumulating.... Is it from 1st disbursement or last disbursement. |
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Apr 24 2017, 01:13 PM
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Apr 24 2017, 03:42 PM
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Usually, the lock-in period starts count from the date of the 1st loan released.
You check back the bank schedule, most of the time the developer take more than 3 years to complete the projects, and by the time, you have over the 3 years lock in period This post has been edited by Andes: Apr 24 2017, 03:44 PM Attached thumbnail(s) Attached image(s) |
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Apr 24 2017, 03:46 PM
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Apr 24 2017, 06:44 PM
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Apr 25 2017, 06:26 PM
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Apr 25 2017, 09:21 PM
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Apr 26 2017, 03:24 PM
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Apr 26 2017, 10:57 PM
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Apr 26 2017, 11:01 PM
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6,562 posts Joined: Jan 2003 From: Kuala Lumpur |
QUOTE(Bluelight1989 @ Apr 23 2017, 11:22 PM) as i know during lock in period (says it's 3 yrs) means u cannot settle it for the first 3 yrs correct? and u can pay one lumsup to settle the loan like few hundred thousand correct? You can settle within the lock-in period no problem. The only issue is that you may need to pay the penalty. Different banks and loan product have different period and percentage, and the percentage applies to the original loan amount or the current balance.You can find this info in your LO |
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Apr 26 2017, 11:19 PM
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QUOTE(wild_card_my @ Apr 26 2017, 11:01 PM) You can settle within the lock-in period no problem. The only issue is that you may need to pay the penalty. Different banks and loan product have different period and percentage, and the percentage applies to the original loan amount or the current balance. OL means?You can find this info in your LO |
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Apr 27 2017, 12:00 AM
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Apr 27 2017, 05:02 PM
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QUOTE(wild_card_my @ Apr 26 2017, 11:01 PM) You can settle within the lock-in period no problem. The only issue is that you may need to pay the penalty. Different banks and loan product have different period and percentage, and the percentage applies to the original loan amount or the current balance. i know that is why im telling after lock in period TS can settle without penalty. You can find this info in your LO |
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Apr 27 2017, 06:02 PM
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Apr 27 2017, 07:15 PM
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QUOTE(Win Win Inspiration @ Apr 27 2017, 06:02 PM) Can we make Advanced Payment during the Lock-In period? As mentioned in the other topic, and for the benefit of everyone here... yes, you can make advanced payment during the lock-in periods. Just dont fully settle the loan accidentally, otherwise you will trigger the penaltyNot settling the full amount of loans, but incremental Advanced Payment that decreases the Principal Amount. |
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Apr 27 2017, 07:31 PM
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QUOTE(wild_card_my @ Apr 27 2017, 07:15 PM) As mentioned in the other topic, and for the benefit of everyone here... yes, you can make advanced payment during the lock-in periods. Just dont fully settle the loan accidentally, otherwise you will trigger the penalty Thank you Mr Faiz for your kind advice. |
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